A dynamic panel analysis of urban metro demand

A dynamic panel analysis of urban metro demand

A dynamic panel model is used to estimate the effect that fares, income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is −0.05 in the short run and −0.33 in the long run. The estimated long run income elasticity is small but positive (0.18), in...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2009-09, Vol.45 (5), p.787-794
Hauptverfasser: Graham, Daniel J., Crotte, Amado, Anderson, Richard J.
Format: Artikel
Sprache:eng
Schlagworte:
Demand
Dynamic panel
Elasticity of demand
Fares
GMM
Impact analysis
Metropolitan areas
Price elasticity
Quality of service
Studies
Urban metro
Urban metro Demand Dynamic panel GMM
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 794
container_issue 5
container_start_page 787
container_title Transportation research. Part E, Logistics and transportation review
container_volume 45
creator Graham, Daniel J.
Crotte, Amado
Anderson, Richard J.
description A dynamic panel model is used to estimate the effect that fares, income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is −0.05 in the short run and −0.33 in the long run. The estimated long run income elasticity is small but positive (0.18), indicating that metros are perceived as normal goods. The quality of service elasticities are positive and substantially higher than the absolute value of fare elasticities. The implication is that quality of service improvements, rather than fare reductions, may be more effective in increasing metro patronage.
doi_str_mv 10.1016/j.tre.2009.01.001
format Article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_34498393</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S1366554509000027</els_id><sourcerecordid>1757155881</sourcerecordid><originalsourceid>FETCH-LOGICAL-c484t-f3cfade65260749a487aace63728a327dccab9f1636e8443e76d2632162258eb3</originalsourceid><addsrcrecordid>eNp9kEtvFDEQhC1EJMKSH5DbiAO3Gfwa2yNOUUR4KBIXcm71enqEV_PCno20_55eFnHgwKFsy6oqtz8hbpVslFTu_aHZMjVayq6RqpFSvRDXKvhQt76zL_lsnKvb1ravxOtSDpIdrtXXormr-tOMU4rVijONFc44nkoq1TJUx7zHuZpoy0vV04Rz_0ZcDTgWuvmz78TTw8fv95_rx2-fvtzfPdbRBrvVg4kD9sQvOOlthzZ4xEjOeB3QaN_HiPtuUM44CtYa8q7XzmjltG4D7c1OvLv0rnn5eaSywZRKpHHkGZdjAWNtF0xn2Pj2H-NhOWb-QwGtQmvluX4n1MUU81JKpgHWnCbMJ1ASzvjgAIwPzvhAKmA4nPl6yWRaKf4NEDENnAvBMxi0LS8n1u-kwcQ6X60sHzwwe_ixTVz24VJGzOw5UYYSE82R-pQpbtAv6T-j_AJrGo8I</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>218540844</pqid></control><display><type>article</type><title>A dynamic panel analysis of urban metro demand</title><source>RePEc</source><source>Elsevier ScienceDirect Journals Complete</source><creator>Graham, Daniel J. ; Crotte, Amado ; Anderson, Richard J.</creator><creatorcontrib>Graham, Daniel J. ; Crotte, Amado ; Anderson, Richard J.</creatorcontrib><description>A dynamic panel model is used to estimate the effect that fares, income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is −0.05 in the short run and −0.33 in the long run. The estimated long run income elasticity is small but positive (0.18), indicating that metros are perceived as normal goods. The quality of service elasticities are positive and substantially higher than the absolute value of fare elasticities. The implication is that quality of service improvements, rather than fare reductions, may be more effective in increasing metro patronage.</description><identifier>ISSN: 1366-5545</identifier><identifier>EISSN: 1878-5794</identifier><identifier>DOI: 10.1016/j.tre.2009.01.001</identifier><identifier>CODEN: TRERFW</identifier><language>eng</language><publisher>Exeter: Elsevier India Pvt Ltd</publisher><subject>Demand ; Dynamic panel ; Elasticity of demand ; Fares ; GMM ; Impact analysis ; Metropolitan areas ; Price elasticity ; Quality of service ; Studies ; Urban metro ; Urban metro Demand Dynamic panel GMM</subject><ispartof>Transportation research. Part E, Logistics and transportation review, 2009-09, Vol.45 (5), p.787-794</ispartof><rights>2009 Elsevier Ltd</rights><rights>Copyright Elsevier Sequoia S.A. Sep 2009</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c484t-f3cfade65260749a487aace63728a327dccab9f1636e8443e76d2632162258eb3</citedby><cites>FETCH-LOGICAL-c484t-f3cfade65260749a487aace63728a327dccab9f1636e8443e76d2632162258eb3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.tre.2009.01.001$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,780,784,3548,4006,27923,27924,45994</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeetranse/v_3a45_3ay_3a2009_3ai_3a5_3ap_3a787-794.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Graham, Daniel J.</creatorcontrib><creatorcontrib>Crotte, Amado</creatorcontrib><creatorcontrib>Anderson, Richard J.</creatorcontrib><title>A dynamic panel analysis of urban metro demand</title><title>Transportation research. Part E, Logistics and transportation review</title><description>A dynamic panel model is used to estimate the effect that fares, income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is −0.05 in the short run and −0.33 in the long run. The estimated long run income elasticity is small but positive (0.18), indicating that metros are perceived as normal goods. The quality of service elasticities are positive and substantially higher than the absolute value of fare elasticities. The implication is that quality of service improvements, rather than fare reductions, may be more effective in increasing metro patronage.</description><subject>Demand</subject><subject>Dynamic panel</subject><subject>Elasticity of demand</subject><subject>Fares</subject><subject>GMM</subject><subject>Impact analysis</subject><subject>Metropolitan areas</subject><subject>Price elasticity</subject><subject>Quality of service</subject><subject>Studies</subject><subject>Urban metro</subject><subject>Urban metro Demand Dynamic panel GMM</subject><issn>1366-5545</issn><issn>1878-5794</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2009</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNp9kEtvFDEQhC1EJMKSH5DbiAO3Gfwa2yNOUUR4KBIXcm71enqEV_PCno20_55eFnHgwKFsy6oqtz8hbpVslFTu_aHZMjVayq6RqpFSvRDXKvhQt76zL_lsnKvb1ravxOtSDpIdrtXXormr-tOMU4rVijONFc44nkoq1TJUx7zHuZpoy0vV04Rz_0ZcDTgWuvmz78TTw8fv95_rx2-fvtzfPdbRBrvVg4kD9sQvOOlthzZ4xEjOeB3QaN_HiPtuUM44CtYa8q7XzmjltG4D7c1OvLv0rnn5eaSywZRKpHHkGZdjAWNtF0xn2Pj2H-NhOWb-QwGtQmvluX4n1MUU81JKpgHWnCbMJ1ASzvjgAIwPzvhAKmA4nPl6yWRaKf4NEDENnAvBMxi0LS8n1u-kwcQ6X60sHzwwe_ixTVz24VJGzOw5UYYSE82R-pQpbtAv6T-j_AJrGo8I</recordid><startdate>20090901</startdate><enddate>20090901</enddate><creator>Graham, Daniel J.</creator><creator>Crotte, Amado</creator><creator>Anderson, Richard J.</creator><general>Elsevier India Pvt Ltd</general><general>Elsevier</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8FD</scope><scope>FR3</scope><scope>KR7</scope></search><sort><creationdate>20090901</creationdate><title>A dynamic panel analysis of urban metro demand</title><author>Graham, Daniel J. ; Crotte, Amado ; Anderson, Richard J.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c484t-f3cfade65260749a487aace63728a327dccab9f1636e8443e76d2632162258eb3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2009</creationdate><topic>Demand</topic><topic>Dynamic panel</topic><topic>Elasticity of demand</topic><topic>Fares</topic><topic>GMM</topic><topic>Impact analysis</topic><topic>Metropolitan areas</topic><topic>Price elasticity</topic><topic>Quality of service</topic><topic>Studies</topic><topic>Urban metro</topic><topic>Urban metro Demand Dynamic panel GMM</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Graham, Daniel J.</creatorcontrib><creatorcontrib>Crotte, Amado</creatorcontrib><creatorcontrib>Anderson, Richard J.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Technology Research Database</collection><collection>Engineering Research Database</collection><collection>Civil Engineering Abstracts</collection><jtitle>Transportation research. Part E, Logistics and transportation review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Graham, Daniel J.</au><au>Crotte, Amado</au><au>Anderson, Richard J.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>A dynamic panel analysis of urban metro demand</atitle><jtitle>Transportation research. Part E, Logistics and transportation review</jtitle><date>2009-09-01</date><risdate>2009</risdate><volume>45</volume><issue>5</issue><spage>787</spage><epage>794</epage><pages>787-794</pages><issn>1366-5545</issn><eissn>1878-5794</eissn><coden>TRERFW</coden><abstract>A dynamic panel model is used to estimate the effect that fares, income and quality of service have on demand for a sample of 22 urban metros. The estimated price elasticity is −0.05 in the short run and −0.33 in the long run. The estimated long run income elasticity is small but positive (0.18), indicating that metros are perceived as normal goods. The quality of service elasticities are positive and substantially higher than the absolute value of fare elasticities. The implication is that quality of service improvements, rather than fare reductions, may be more effective in increasing metro patronage.</abstract><cop>Exeter</cop><pub>Elsevier India Pvt Ltd</pub><doi>10.1016/j.tre.2009.01.001</doi><tpages>8</tpages></addata></record>
fulltext fulltext
identifier ISSN: 1366-5545
ispartof Transportation research. Part E, Logistics and transportation review, 2009-09, Vol.45 (5), p.787-794
issn 1366-5545
1878-5794
language eng
recordid cdi_proquest_miscellaneous_34498393
source RePEc; Elsevier ScienceDirect Journals Complete
subjects Demand
Dynamic panel
Elasticity of demand
Fares
GMM
Impact analysis
Metropolitan areas
Price elasticity
Quality of service
Studies
Urban metro
Urban metro Demand Dynamic panel GMM
title A dynamic panel analysis of urban metro demand
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-10T14%3A37%3A03IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=A%20dynamic%20panel%20analysis%20of%20urban%20metro%20demand&rft.jtitle=Transportation%20research.%20Part%20E,%20Logistics%20and%20transportation%20review&rft.au=Graham,%20Daniel%20J.&rft.date=2009-09-01&rft.volume=45&rft.issue=5&rft.spage=787&rft.epage=794&rft.pages=787-794&rft.issn=1366-5545&rft.eissn=1878-5794&rft.coden=TRERFW&rft_id=info:doi/10.1016/j.tre.2009.01.001&rft_dat=%3Cproquest_cross%3E1757155881%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=218540844&rft_id=info:pmid/&rft_els_id=S1366554509000027&rfr_iscdi=true